Hi Edgy et.al.
Some statistics to ponder.
AUM suspended its mining operations (for the second time) in Nov 2015.
The spot price of silver fluctuated during the month of Nov 2015 from a high of $15.40 down to a low of $14.06.
During the year of 2015, silver started in Jan at a spot price of $15.79, hit a high of $18.31 on Jan 22 and average $15.62/ounce until suspension of operations. During that time, oil fluctuated from a price of $46.53/bbl to $41.68, reaching a high of $60.75 0n May 12.
Snippet:
"It's inconceivable a silver miner can't make a profit at $22"
Comment:
Are we to believe that the last time the mine re-opened and produced silver, it did so at a loss?
I don't think so!
Today the price of silver is just over $20.00 and has already increased this year by 45+%.Oil is still selling for under $50.00/bbl.
What are they waiting for?
"We live in interesting times"
Good Luck to all!
